Turnkey 6-Unit Investment Opportunity in Houston’s Baywind Condos
A rare multifamily investment package featuring six leased condo units in Baywind Condos, a well-maintained community with consistent rental demand near Clear Lake and the Houston Medical Center.
- $72,000 in annual rental income with upside potential (market rent projection: $78,000/year)
- Diverse unit mix: (3) 1-bedroom units & (3) 2-bedroom townhome-style units
- Strong NOI growth: Projected cap rate increase from 5.33% to 6.34%
- Recent renovations & upgrades: Several units fully updated between 2018-2024
- Long-term tenants & stable occupancy
This stabilized portfolio is perfect for investors seeking a cash-flowing asset with value-add potential in a prime rental location.
Contact me for financials & full details! I have a rent roll and expense chart detailing all six units, available for you to present to your clients. Please request via e-mail to luisger.lopez@compass.com